Mitsubishi Suspends Development of SpaceJet M90 Airliner | Aviation International News

Mitsubishi Suspends Development of SpaceJet M90 Airliner

Japan's Mitsubishi Heavy Industries said it may resume work on the long-delayed narrowbody airliner when the air transport market recovers.

Mitsubishi Aircraft has been flight-testing its M90 regional airliner at Moses Lake, Washington. (Photo: AIN/Barry Ambrose)

By Charles Alcock • Managing Editor

October 30, 2020

Mitsubishi Heavy Industries (MHI) is suspending the development of its SpaceJet M90 airliner in a bid to stem steep losses. On Friday, the Japanese group announced the move as part of a revised medium-term business plan, saying it will continue some work on type certification documentation with a view to possibly resuming the program at some point in the future.

In financial results for the first half of the current fiscal year, MHI reported a 12 percent group-wide decline in revenues to ¥1,658,6 billion ($15.9 billion). However, in the wake of the Covid-19 pandemic’s negative impact, the group sustained a pre-tax loss of ¥72.8 billion, of which its aviation, defense, and space division accounted for ¥66.3 billion.

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